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Strike's Send Globally Feature Now Available in Guatemala
3454 sats \ 19 comments \ @AR0w 26 Apr 2023 bitcoin

The feature enables cheap and lightning-fast cross-border remittance payments and currency conversion.

•Strike's Send Globally Feature Now Available in Guatemala
"Strike has partnered with Osmo in Guatemala to enable transfers from U.S. dollars that are received as local currency in a recipient's bank account or Osmo wallet, offering a fast, low-cost and secure alternative to traditional providers."
•"While the majority of Guatemalan residents own a smartphone, an average of 60% of adults do not have a bank account ."
•"By providing Osmo customers the option to cash out their Bitcoin balance at over 8,000 participating retail locations, as well as use it to pay at over 250 in-store "
•Guatemala is the 11th country added to Strike's Send Globally feature , following the Philippines, Vietnam, Benin, Ivory Coast, Ghana, Nigeria, Kenya, Rwanda, Senegal and Togo.
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202 sats \ 9 replies \ @1fatmess 26 Apr 2023
Strike: The Dollar Company that affiliates with Bitcoin.
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63 sats \ 7 replies \ @jk_14 26 Apr 2023
In the military terminology there is such a thing: The protection of already conquered land
let's first conquere the land which is easier to conquere, i.e. swapping Layer2 (swap of Visa/Mastercard for Lightning Network, where benefit is easy to show)
probably only then we will be able to swap Layer1 too, i.e. swapping stinky fiat money to sound money, at last :)
And no doubt Jack Mallers will try to achieve it! ;)
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0 sats \ 0 replies \ @1fatmess 27 Apr 2023
Why do you feel the need to defend an individual with personal interest in the growth of his USD-based remittance company? Strike sells dollars but advertises bitcoin. I can use USDC for this already in most markets. It’s a hype train with too much ego.
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0 sats \ 5 replies \ @jk_14 26 Apr 2023
https://bitcoinmagazine.com/markets/lightning-network-more-efficient-credit-cards
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0 sats \ 0 replies \ @1fatmess 27 Apr 2023
Mark my words, Mallers isn’t going to do anything to help Bitcoin—his company—and therefore personal gain—is tied up in building a cheaper USD remittance service. Sure, it uses LN, but in the most cucked statist way.
It’s trust fund baby bitcoin cosplay. Time to move on from this empty hype train.
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0 sats \ 3 replies \ @DarthCoin 26 Apr 2023
Again... we are not here to replace visa with LN... We are here to make them all OBSOLETE, to fuck'em'all, not to keep using fiat.
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0 sats \ 0 replies \ @tbonesteaks 26 Apr 2023
That's exactly what I tell my family when they need me to send them money. It's very important to sacrifice people on the alter of my agenda.
https://upload.wikimedia.org/wikipedia/en/thumb/9/9a/Trollface_non-free.png/220px-Trollface_non-free.png
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0 sats \ 1 reply \ @jk_14 26 Apr 2023
"Rome wasn't built in a day", impatient kid ;)
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0 sats \ 0 replies \ @DarthCoin 26 Apr 2023
If you want to wait until CBDCs will just ruin your "building Rome", be my guest. But I do not want to build a Rome, I just want to be left alone, to live my life in peace and freedom. And fiat in any form or shape is not freedom. So I reject to use it.
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1 sat \ 0 replies \ @DarthCoin 26 Apr 2023
Strike is selling false promises to those that still want to live in the fiat standard.
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173 sats \ 0 replies \ @supratic 26 Apr 2023
Apparently soon available in Vietnam too since last month https://finance.yahoo.com/news/strike-brings-lightning-fast-money-141000720.html
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127 sats \ 1 reply \ @jk_14 26 Apr 2023
11 countries into Metcalfe's law
Great work, Jack Mallers!
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0 sats \ 0 replies \ @DarthCoin 26 Apr 2023
yes, "great work", replace visa but still using fiat. FIAT DELENDA EST
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64 sats \ 1 reply \ @nout 26 Apr 2023
I'm guessing Jack is warming up to some announcement at Bitcoin Conf...
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1 sat \ 0 replies \ @DarthCoin 26 Apr 2023
I am tired of false promises and empty announcements... I want to see people, companies and merchants just using Bitcoin only. That is true adoption, not replacing VISA with LN, because is cheaper and faster... But yeah, how many times sheeple prefer convenience instead of freedom?
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0 sats \ 0 replies \ @DeltaClimbs 27 Apr 2023
Given Strike's unreliability on exchange fees due to not being a real exchange, and the liquidity depth issues that brings, this isn't built to scale, and there could easily be hidden 2% fees. So they are 5 years away from making the next (Transfer)Wise?
I don't get why people cut bitcoin startups so much slack around what they actually do vs their plans given that the fiat rails are not still. Fiat will still be equally trash in 5 years, but "fintech" does generally trend toward various improvements.
Even consumer protections generally increase. No one gets hit with tons of fees from their bank for being poor and having a low balance. Was not the case 5, 10 years ago.
If there is no clear mechanism by which it might double the pace of adoption, it is a LARP.
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0 sats \ 0 replies \ @jeff 27 Apr 2023
Where are their nodes?
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0 sats \ 0 replies \ @TheBTCManual 27 Apr 2023
The more LN companies in different local regions, the more this model can be rolled out and remittance costs can come down, once that capital comes into a country its anybodies guess where it goes from there and that I'm really bullish on
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0 sats \ 0 replies \ @KeynesianClowns 26 Apr 2023
Wouldn't a feature like this be able to replace the current systems immigrant workers sending remittances to their families/other dependents back to their home countries use (if they are paid in dollars and for whatever reason don't want to use bitcoin)?
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